Healthcare Capital Acquisition Corp. I Rights (NASDAQ:HCACR) Sees Significant Increase in Short Interest

Healthcare Capital Acquisition Corp. I Rights (NASDAQ:HCACR) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 8,425 shares, a growth of 571.9% from the April 15th total of 1,254 shares. Based on an average daily trading volume, of 3,475 shares, the days-to-cover ratio is presently 2.4 days.

Healthcare Capital Acquisition Corp. I Rights Price Performance

NASDAQ:HCACR traded up $0.00 during trading on Wednesday, reaching $0.31. The company’s stock had a trading volume of 600 shares, compared to its average volume of 212,271. The company has a 50 day simple moving average of $0.28. Healthcare Capital Acquisition Corp. I Rights has a 12 month low of $0.20 and a 12 month high of $0.35.

Healthcare Capital Acquisition Corp. I Rights (NASDAQ: HCACR) represent the rights issued in connection with Healthcare Capital Acquisition Corp., a special purpose acquisition company (SPAC) formed to effect a business combination with one or more businesses in the healthcare sector. As a blank-check company, its principal objective is to identify, negotiate and complete an acquisition, merger or similar transaction that will result in a operating public company focused on healthcare-related products and services.

The company’s primary activities are raising capital through its initial public offering and related unit structure, maintaining that capital in trust pending a qualifying business combination, and pursuing potential targets across healthcare subsectors such as pharmaceuticals, biotechnology, medical devices, healthcare services and health technology.